Cannabis: The modern day gold rush

Ever since states began legalizing the recreational use of marijuana, the growth trajectory of legal cannabis has skyrocketed. As of Nov. 8, there are 28 states that have legalized marijuana for medicinal purposes, and seven that have legalized it for recreational use. With adult use now legal in California, it is predicted to be a $4.5 billion market as the medical use currently yields about $2.5 billion, according to data and analytics firm New Frontier Data in conjunction with ArcView Market Research (see “Game changer,” below).